Thu, 09 Jul 2026
|DHIVEHI
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MIFCO pays over MVR 210 million to fishermen in six months
09 Jul 2026
|
Fishing boats anchored in the Hulhumalé harbour --- Photo: MMTV
The Maldives Industrial Fisheries Company (MIFCO) has disbursed more than MVR 210 million to fishermen during the first six months of 2026 for fish purchased across the country.
According to MIFCO, the company purchased 11,959.49 tonnes of fish between January and June, paying a total of MVR 210,116,783.06 to fishermen.
April recorded the highest volume of fish purchases during the six months, with 4,414.05 tonnes purchased. MIFCO disbursed MVR 78.8 million to fishermen during the month.
Payments made to fishermen over the six months were:
- January – MVR 40.4 million
- February – MVR 19.1 million
- March – MVR 29.4 million
- April – MVR 78.8 million
- May – MVR 31.1 million
- June – MVR 11.3 million
MIFCO said fishermen continue to receive payment for their catch within 48 hours, in line with the Government's commitment to ensure timely payments.
The company also noted that it is currently purchasing an average of 50 tonnes of fish per day, with Lhaviyani Atoll recording the highest fishing activity at present.
MIFCO is currently purchasing fish from local fishermen at MVR 20 per kilogram, a measure introduced to provide greater financial support to fishing communities.
